What are the practical benefits of a company?
I mean i know that it has limited liability, perpetual sucsession.
But what i want to ask is what is the reason that people want to convert their business into a pvt. limited company?
How do they stand to benefit form it?
Check the following link to find your answer...
https://www.eshwars.com/advantages_pvt.pdf
The very important benefit of the company is that it is distinct entity. Practically speaking being a legal body people will have much reliability in dealing with Company than that of dealing with a sole proprietor. Apart from those benefits which are worded in huge books. The above is one of the biggest benefit of a company that i personally feel.
Regards
Rashi Tiwari
R P S K & Associates
Nashik
CA Inter
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Triveni Turbine Limited
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O P Bagla & Co LLP
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